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The chairman of the Economic Ode in Kosovo (OEK), Berat Rukiqi, has said the budget is an instrument to function the state, but it is not the main pillar of development. Although the budget approved on Thursday for next year of 2.7 billion euros is considered the highest, Rukicin needs to be worked on concrete projects. “Budgets are instruments [...]

Although the budget approved on Thursday for next year of 2.7 billion euros is considered the highest, Rukicin needs to be worked on concrete projects.

“Budgets are instruments to function the state, the main services the state should guarantee for its citizens, but are not developmental instruments. It can stimulate development but are not the main pillar of development”.

“We should expect development from private investments from export growth. This is where we can design development. So I don't see budgets as something that can guarantee or guarantee development”.

Whatever we want to see in the budget is an efficiency in implementing capital investments. There are some important projects that have been planned for 2022, but what we've seen in recent years has been blocked in implementing capital investments and these then create problems for the country's development since infrastructure, which is envisioned with a share of capital investments then the part that relates to business education and support and are also important to implement quickly and provide budgetary means at the end of”, Rukiqi told EO.

Rukiqi stressed that there is no economic crisis, but of rising prices, adding there must be a overall transformation in the economy.

The “is not valid that there is an economic crisis except that there is a price hikes crisis. So we have to see the possibility that since it transformed the economy as a whole”.

“ ... on this basis our demands are always linked to reforms in the education system then an energy strategy that guarantees regular energy supply for the coming decades, enabling energy transition, then greater digitisation of the economy and a reform of rule of law. These would have to be the main areas of governance in the country”, he said.

Among other things, he said electricity is five times more expensive than what is planned at the tariff.

The “seems inevitable that there will be increased electricity prices. It is already 5 times more expensive than what is planned at the tariff. Despite calls for savings even to be more efficient this is not easily accessible”.

Thus, in next year's tariff reflection, growth of electricity is likely inevitable, and this normally creates an impact especially on producers who will have increased production costs and will therefore be even less competitive”.

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